According to the Mercury News, Innovalight has developed a nanotech silicon ink that the company says will let them make solar cells that are cheaper and more efficient than current solar photovoltaic cells. Today, Innovalight announced $29 million in new funding as well as plans to open a 30,000 square foot solar cell manufacturing facility in Sunnyvale, CA next year.
While Innovalight’s CEO, Conrad Burke, is being very light on details about Innovalight’s process, the Department of Energy has been working closely with the company. According to Craig Cornelius, the DoE’s program manager for solar technology, “We see great promise in the company,” said Cornelius. “They’re building a great science team.”